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that threatens the lives and safety of south koreans. japanese prime minister shinzo abe and u.s. president barack obama are trying to figure out how to punish north korea. they spoke on the phone and agreed to push for additional sanctions through the united nations security council. abe told obama that the nuclear tests severely damages peace and security not only in northeast asia but around the globe. he said he wants officials in both administrations to work together to bring in financial sanctions. abe cited a previous u.s. sanction as a good example. in 2005 officials at the treasury department imposed penalties on u.s. financial institutions that dealt with north korea. obama said u.s. officials too want to cooperate. he said world leaders need to agree on a firm response. north korean scientists conducted a nuclear test on tuesday in violation of previous u.n. resolutions. abe is set to visit washington later this month to meet with obama in person. >>> obama's new secretary of state gave world leaders a push of his own. john kerry said they need to show they are serious about cont
koreans. japanese prime shinzo abe and u.s. president barack obama are trying to figure out how to punish north korea. they spoke on the phone and agreed to push for additional sanctions through the united nations security council. abe told obama the nuclear tests severely damages peace and security not only in northeast asia but around the globe. he said he wants officials in both administrations to work together to bring in financial sanctions. abe cited a previous u.s. sanction as a good example. in 2005 officials at the treasury department envoked penalties on u.s. financial institutions that dealt with north korea. obama said u.s. officials too want to cooperate. he said world leaders need to agree on a firm response. north korean scientists conducted a nuclear test on tuesday in violation of previous u.n. resolutions. abe is set to visit washington later this month to meet with obama in person. >>> obama's new secretary of state gave world leaders a push of his own. john kerry said they need to show they are serious about containing nuclear arms. >> north korea's nuclear weapons and
. the u.s. airways/american airlines merger is ready for take-off, and the companies say they see no turbulence ahead from washington regulators. and senate democrats offer their plan to head off the sequester's sharp spending cuts. we get the details from michigan senator debbie stabenow. we have that and more tonight on "n.b.r." two big sweetheart deals on this valentine's day: american airlines is merging with u.s. airways, creating the world's largest airline company; and warren buffett is buying h.j. heinz, the biggest food company acquisition ever. we'll have more on american in a moment, but we begin tonight with buffett and that surprising mega-food deal. the billionaire investor is teaming up with the billionaire owners of 3g capital to buy the ketchup maker for $28 billion. the private equity group and buffett's berkshire hathaway are paying $72.50 a share in cash. that's a 20% premium over heinz's closing price yesterday. ruben ramirez reports. >> reporter: the oracle of omaha now has a new title: ketchup king. for the first time, warren waomett, who's shifr ay working
-hour -- >> in his state of the union address, u.s. president barack obama proposes fresh negotiations on a transatlantic free trade agreement. >> pope benedict celebrates his last public mass as pontiff inside st. peter's basilica in rome. >> and the movie "night train to lisbon" has its world premiere at the berlin film festival. president barack obama says the american economy has made important progress, but there is still a long way to go. he delivered the annual state of the union address in washington last night and urged americans to help jump-start the country's sluggish -- sluggish economy. >> pushing hard for a special economy would significant job growth. that looks like the message obama plans to hammer home time and time again during his time in office. >> presidents also touched on foreign policy, praising u.s. soldiers stationed in afghanistan and promising them a speedy return home. >> the president of the united states. [applause] >> it is a washington ritual, long applause, handshakes, and hugs on both sides of the aisle. in his speech, obama focused clearly on domes
that includes a billionaire warren buffet. the deal is believed to be the largest in the food industry. u.s. airways and american airlines have announced they are joining forces. the merger creates the world's biggest airline in terms of miles flown by passengers around the world. we have this from new york. >> the courtship is over and now they are making it permanent. u.s. airways announced its merger with american airlines. [applause] it was the closest thing to a marriage ceremony. the u.s. airways to executive counted the benefits of this union. >> these are two highly complementary airlines. the 900 route we fly individually. when you add them up, there are only 12 of them that have overlap. this is really about providing better service to customers. it creates a nice third competitor to the two larger airlines. our view is it increases competition, doesn't decrease competition. >> the deal will save the combines company's $11 billion per year. united shareholders will own 28% of the stock while american shareholders will own the remaining 72%. this deal will help rescue it from bankr
to the streets across the country. bahrain is home to the u.s. navy's fifth fleet and a close u.s. ally in the region. we'll have more on the protests later in the broadcast. in the united states, nearly 50 people were arrested wednesday in front of the white house calling on president obama to reject the keystone xl pipeline. the pipeline would deliver tar sands oil from canada to refineries in texas. but critics who've joined a mounting campaign of civil disobedience say it will bring climate disaster. on tuesday, a group of protesters including leading scientists, activists and celebrities sat down and refused to move. some zip-tied themselves to a fence. those arrested included environmentalist bill mckibben, actress daryl hannah, and nasa climate scientist james hansen and former chair of the naacp julian bond. the protest was a landmark for the sierra club environmental group after its board endorsed an act of civil disobedience for the first time in its 120-year history. director michael brune was among those arrested. >> so we know we cannot win on climate change if we continue
by tenth of a percent. u.s. president barack obama nominee for secretary of the treasurely is asking lawmakers for bipartisan report. he said this is needed to keep the u.s. economy on the path to recovery. lew spoke to senators on wednesday. he is seeking their approval for his appoint to obama's second term cabinet. he said he's resolved to reduce the nation's huge budget deficit. he asked republicans and democrats to work together. >> we must put our nation back on a path of fiscal sustainability. we cannot allow t harmful cuts known as the sequester to go into effect. these cuts would impose inflected wounds to the recov y recovery. the strong dollar is in the best interest of proting u.s. owth. if confirmed i wldothang ta policy. >> officials in the u.s. will start talk to form a transatlantic free trade agreement. it would create a huge trade block and account for nearly all of global production. the plan was announced in a joint statement on wednesday. they have agreed to launch negotiations for a comprehensive plan. the united states will seem approval from congress while th
. >> there's a joint military exercise of thailand. the u.s., south korea, japan, indonesia, and malaysia are taking part in the drill. myanmar is taking part in this first joint military drill in thailand but only as an observer. the exercise is aimed at enhancing cooperation between the u.s. and regional allies. our weather forecast next on a al jazeera. still to come, a war on the oscar pistorius story. we will be going live to pretoria for the story. -- more on the oscar pistorius case. >> hello and welcome back. across europe, we have a big area of low pressure that you can see in madrid. another area of low pressure giving significant snowfall. that continues to push east, giving snow to austria. mild weather moving across the u.k. not looking at in the iberian peninsula. weather conditions are generally try and find. to the east, an area of low pressure around the black sea. moving into northern parts of africa, there is a cool breeze coming across the mediterranean. in benghazi, temperatures nothing special. warming up considerably. in khartoum, looking at 37 degrees. in central a
, on this valentine's day. their combination means the field of major u.s. carriers will shrink by one. these jetliners-- sporting shiny new paint jobs-- are among the roughly 900 planes in the american airlines fleet and they're about to be joined by the 622 planes currently flying for u.s. airways. the price tag for the deal: $11 billion. creditors of american's bankrupt parent company a.m.r. will own 72% of the combined airline. the merger affects some 187 million passengers who fly the two airlines annually. >> i grew up on u.s. airways. >> brown: as well as more than 100,000 employees. >> our best goal going forward is to make it the biggest, strongest airline in the country, and i suppose that's about to happen. >> brown: the combined company will keep the american name and headquarters in fort worth, texas. but it is u.s. airways c.e.o. doug parker who will run it. his counterpart-- tom horton at american-- will serve as chairman, but bow out after the transition the two are friends who started their careers together at american three decades ago >> to run a new airline you need
-- american airlines and u.s. airways say they want to join forces in creating the biggest airline in the world in terms of passengers. >> that move comes just one year after american airlines filed for bankruptcy. analysts say the merger is likely to trigger more consolidation of airlines in the u.s. >> first, it has to get pass congress, and a leading legislator has already asked if it could hurt consumers by cutting competition pam -- by cutting competition. >> the world largest airline could be created if a merger between u.s. airways and american airlines is approved. u.s. carriers dominate the global airline industry. in 2011, american airlines was in fourth place. u.s. airways in ninth. put together, the companies should have more passengers than delta, putting them in first. the supervisory boards say the deal must also be approved by the bankruptcy court that has been handling the restructuring of american airlines since late 2011. despite a mountain of debt, american airlines has done strong business in recent months, and creditors pledged to stand behind the merger. mean
of mergers to talk about. nicole: the first is in airline deal. it was highly anticipated that u.s. airways and american airlines would merge. first let's hit heinz. i am going to stick with heinz. warren buffett, berkshire hathaway. obviously at a premium. heinz is up 20%. watch the 3:00 p.m. show, we will certainly delve into it more for you. he loves their products. he loves the emerging markets. he thinks it was a great buy. then, we will talk about u.s. airways and american airlines merger. you can see they are finally coming together. the u.s. airways ceo will remain in the top spot as ceo. u.s. airways is down right now. dagen: thank you, nicole. connell: we are waiting for the speaker of the house, john boehner. we say take a look at this. a little over two weeks until automatic spending cuts will kick in. congress taking a week off leaving you just six working days to get something done. dagen: wait until the last minute has become the norm. how do you think this plays out? >> i think the impact on the economy will be small. the cuts are relatively small. we had $175 billion in tax
. >> and the most romantic hotel in the world, the anastasi apartments in greece. >> in a that looks u.s. >> and in the u.s., the bardesbond in, the rooms start at 600 and go up to $1,200. >> they bottle that, it's called wine. thanks so much. happy valentine's day, everybody. no matter what you do, enjoy it. thanks for watching "street signs." >>> hi, everybody. we enter the final stretch. welcome to the "closing bell." i'm maria bartiromo at new york stock exchange. this market fighting for a close in positive territory, brill. >> the dow is fighting. got the s&p and nasdaq positive, but we're kicking off the final hour watching other stories as well right now, including a huge day for mergers. warren buffett buys heinz. american/usairways form the biggest airline in the world, but so far the stock market seems unimpressed. what message is that saying about where our economy is right now? we'll look at that coming up. >> a lot of implications to see this deal flow pick up steam early in the year. more signs though that the individual investor is dipping his or her toes back into the st
. american airlines and u.s. airways agreeing to a merger, they would become the world's biggest airline. >> in south africa, an olympic sprinter and double amputee has been arrested in the shooting death of a woman. good morning, washington. it's thursday, february 14. i am scott thuman. >> i am cynne simpson. let's get to meteorologist jacqui jeras on this valentine's day. >> happy valentine's day, everybody. we got an inch of snow or less across the area. just a trace at reagan national. i cannot even see anything on the grass. germantown had an inch as well as winchester. just shy of an inch in wgaithersburg. most of its stock to the grassy areas. temperatures hovering around the freezing mark. watch for slick spots on the roadways this morning especially if they are elevated. 35 degrees at reagan national. a beautiful day to look forward to. lots of sunshine with a high around 49 degrees. a big cooldown for the weekend. the seven-day forecast is minutes away. first, jamee? >> i needed to scrape my window. so little extra time is needed for that. watch for slick spots especially brid
and u.s. airways would create the world's largest airline. we'll break down what it means for you, the traveler, trying to book your flights. all ahead unless breaking news changes everything on "studio b." we begin with a a fox urgent setback for thousands of passengers stranded on the broken down crowds cruise ship. the ship is at a standstill because of a broken towline. this after delay after delay, carnival originally said the ship would arrive this afternoon, then they pushed back the estimated ail arrival to tonight, close to midnight. now this. of course you know the 900-foot long vessel has been without power since sunday when a fire in the engine room knocked out most of the electricity. since then it's been, according to passengers, grim onboard. raw sewage reportedly flooding the hallways, no air conditioning. barely any working toilets. we're told passengers had to wait for hours for anything to eat or drink. folks have reportedly had to sleep on the deck. now it's about 43 degrees and very cold. until the recent stop, the tugboats were towing it from the gulf of mexi
unveiled by two of the most liberal members of the u.s. senate. barbara boxer from california and bernie sanders from vermont want to make polluters to manufacturers, and power plant operators pay for the pollution they generate. joining me now with the top republican on the senate energy committee, senator lisa murkowski. thank you for being with us again. great to see you. the carbon tax, good or bad idea >> this is something that is going absolutely nowhere. if what is proposed is something that is going to increase the cost to the consumers, this is just not going to happen. and when you think about the proposal that has been before the cut across, the captain trade proposal, it does not even take out the democratic lead said. it did not want to touch that. and of the to going to want to touch a carbon tax either. this is something that is just going to increase the cost to the consumer at a time that nobody is looking to increase their energy costs. we should not be looking to increase it. we should be making our energy more affordable. gerri: let me give you some numbers here. the
have been under pressure. what we saw with u.s. airways, it was getting hit hard. warren buffett's company, berkshire hathaway, buying time out right here. they called it at 7250. >> yes, they just think it's a great product. he said he was absolutely going to be in for the long term. liz: it's not a classic equity deal where they shine it up. david: we just saw whole foods getting kicked today about 10%. >> that is not good news. david: as you can see, we have very big movements. do not be fooled when we see the dow jones down, the s&p 500 is up a little bit. less than a 10th of a percentage point, nasdaq, the biggest mover is the rest of 2000. it is the individual stocks, we have seen some big movements by individual stocks and we will be talking about coming up. liz: did you see the coal industry sector? lots of natural resources after the fourth-quarter earnings. all gaining more than 4%, 13 full percentage point. david: when you see that it is settling at the lowest level in six months, that is what gives people a lot of concern. it is just about at the 200 day moving averag
, american airlines and u.s. airways have announced they will join forces to create the world's largest airline. the new carrier will keep the name american airlines. it will be run by the u.s. airways ceo of the parker while american airlines ceo tom horton will become chairman. this deal has been in the works since august when creditors forced american airlines to consider a merger. the merger of american and u.s. airways will be slight bit bigger than united airlines. >> the current cruise ship that has been without power since a fire at its engine room is expected to report today and will will alabama. the cut will triumph is being towed from where it broke down in the gulf of mexico. more than four dozen people on board. carvel cruise lines says it is canceling another 12 voyages for the disabled ship. the cruises aboard the triumph were taken to placto take placem february 21st of their april 13th. passengers will be fully refunded at get discounts on future cruises. a future cruise probably would not sound so good at this point. >> expect more stories to come to light once they g
spending at companies went down 2.6%. >>> financial leaders in the u.s. are facing their own set of challenges. president obama nominated his chief of staff to be his next treasury secretary. and now jack lew is outlining what he sees ahead for the economy. ai uchida joins us now from the business desk. ai, good morning. >> good morning, catherine. jack lew, he has to win over the democrats and the republicans before he can be treasury secretary. so he's asking lawmakers for bipartisan support on fiscal reform. he says this is needed to keep the u.s. economy on the path to recovery. lew spoke to senators on wednesday. he's seeking their approval for his appointment to obama's second-term cabinet. lew said he's resolved to reduce the nation's huge budget deficit. he asked both democrats and republicans to work together to avoid automatic spending cut march on defense and other programs. >> we must put our nation back on a path of fiscal sustainability. we cannot allow the series of harmful automatic spending cuts known as the sequester to go into effect. these cuts would impose se
, it was confirmed by u.s. officials about this mega-merger deal of a $11 billion between u.s. air was -- airways and american airlines. american airlines and a rival u.s. airways have merged. it is officials. the deal creates the biggest carrier by passenger numbers but is this really the end of an era for american carriers? both airlines have a long history, in particular american airlines because it started out as american airways back in 1930 after a merger of several holding companies. for american, it had its darkest day on september 11, 2001. it lost two of its aircraft to hijackers. as late as 2011, american airlines and a few others filed for bankruptcy protection. dayy is a valentine's marriage with u.s. airways makes the new entity the biggest airline in the world, 900 planes, 3200 flights every single day, and 100,000 employees and the experts have been telling me that all of this is good news for air travelers. >> there should be benefits to the customer and hopefully service will start to improve and you will be able to go between two cities easier. hopefully this will be beneficial
it through. >> on the floor of the u.s. senate thursday, a first step in what could be a stand off of former senator chuck hagel's nomination to be the next secretary of defense. >> on this vote the yays are 58. the nays are 40. >> confirmation remains in question. >> taken policy positions that i believe call into question the quality of his professional judgment on issues critical to national defense. >> senator john mccain and lindsay gram say they are opposing hagel about israel and troop surges in iraq which are at odds to u.s. policy. >> it was unnerving some of the things that came out of that hearing. created more questions and doubts than confidence. >> hagel, the former will you be pick an senator declined for appear to struggle in explaining decisions. >> we're right? >> i would defer in your judgment to sort that out. >> the committee deserves your judgment. >> republicans have sought to link confirmation to continued questions over the benghazi attack. white house responded to questions in a letter today while democrats tried to be opponents. >> we got a car going on in afghanis
major deals. what's pressuring stocks? >> a fascinating look at ceo confidence, pwc's u.s. chairman is standing by. right now, he has his annual ceo survey. it might surprise you. >> calling senate's bluff on spending. lou dobbs weighs in. >> news on the stranded carnal cruise ship. the clock cannot turn fast enough. those poor people. >> i agree. up to speed on the markets, back to the floor, annie coal -- and nicole, another sideways day. >> dow down six points, not far off the unchanged line for all three major averages. the nasdaq and s&p squeeze out gains, the dow slightly to the downside. s&p, as we talked about yesterday, right, broader average, and the dow just has 30. it moves the archings more. one thing the traders talked about from the minute i walked in this morning was europe. you see the euro lower, the dollar is strong on a day where we heard that europe is struggling with growth over in germany, in particular, that's the real big one. france and italy would be in there. when you talk about the eurozone and growth potential seeing it is disappointing and not pulling
forces are ready to replace american troops. but many ordinary afghans say the u.s. is leaving too soon. >> over the next year, another 34,000 american troops will come home from afghanistan. this drawdown will continue and by the end of next year, our war in afghanistan will be over. >> reporter: president obama says the 11-year conflict is finally coming to a close. but as he put the finishing touches on his state of the union address, the war claimed another round of victims. afghan government officials say a nato air strike killed at least 10 civilians, half of them children, in the remote mountains of eastern afghanistan. killing the innocent while hunting insurgents has long made this conflict controversial. analysts say the country's violence will likely continue long after u.s. troops depart. >> i think what matters to them is getting their people out, getting their kids out, being able to talk about the victory but for afghans, that victory is continued war. >> reporter: the main task with bringing u.s. troops home is now general joseph doneford. he became the most senior ameri
bars >> a huge merger takes off. american airlines and u.s. airways prepared to create the world's largest airline clerks are you ready for this it's one of the new ingredients on the new beyonce sandwich "good morning washington at 5:00 begins now. >> >> live and in hd, this is "good morning washington," on your side. >> i'm not sure where we were going with that story. it's thursday, february 14. i am cynne simpson. >> i am scott thuman. it's valentine's day. scott and cynne forever, i like to call it. >> that is so sweet. >> it's a great day for friends or more than friends. snow lovers are not as happy today. not much accumulation in d.c. a few spots got around an inch. germantown at about an inch. gaithersburg, just shy of an inch. chantilly had about a quarter of an inch. the road could be a little slippery and elevated areas. otherwise just wet. 35 degrees in d.c. and 34 at dulles 36 in martinsburg and 30 in manassas. the forecast will bring up your mood. lots of sunshine, temperatures in the upper 40's, almost 50 this afternoon. a big cooldown in the seven-day forecast. w
approaching vasco road. mass transit on time. back to you guys. >> thank you. >>> american airlines and u.s. airways just announced plans for a merger. the $11 billion deal will create the largest airline in the world. it will combine the american look and old name with american in bankruptcy, up to a federal judge to decide if the deal will be a good one for its creditors. if the deal flies, the world's four biggest airlines would control nearly 70% of all air traffic. experts say ticket prices could take off as a result. >> even though people say that, you know, this particular merger of u.s. airways and american articles isn't going to raise ticket prices, i don't believe that one bit. >> the two airlines have been in negotiations since august. >>> this morning, passengers being towed to port on that disabled cruise ship are counting the hours until they finally arrive back on solid ground. the carnival triumph is being tugged across the gulf of mexico. live pictures, this is off mobile, alabama where i'm sure people can't wait to get off that ship.
airlines and u.s. airways are merging to make one mega air carriers. >> cheaper mac book pros. how much apple is lowering the price and why. >> it's shaping up to be a beautiful day to bask in sunshine and celebrate love. a more complete first warning weather forecast is coming up. >>> complete coverage continues with don scott, jessica kartalija and first warning weather with marty bass and meteorologist tim williams. it's wjz, mayo road. >>> it is sunny and 43 degrees. your comb -- complete first warning weather forecast is coming up. >>> american airlines and u.s. airways are merging. the boards of the two air carriers agreed last night. they will create the largest airlines in the world. the new company will keep the american airlines name and the ceo of u.s. airways will run it. >>> the sheriff in california said his deputies did not intentionally burn down a cabin that christopher dorner was in. he said the take i can was to drive dorner out not set the cabin on fire. authorities believe dorner died in that blaze but a forensic investigation is underway to positively identify thos
a handful of clients. >> facebook and the bank says nothing about its process was illegal. >> u.s. airways and american airlines seal the $11 billion deal to create the world's largest airline. the new carrier will keep the american airlines name. it will run by u.s. airways ceo of douglas parker. while american airlines ceo tom horton will become chairman. the deal has been in the works and all the creditors forced american airlines to consider a merger. the merger of american u.s. airways will be slightly bigger the united airlines and it reduces the number of major u.s. airlines to 4. >> this year, gross cost of launching a cookie finder app to help connect scout cookie mongering customers. the app allows users to find out when and where a local group is having a sale, and then create calendars marking down upcoming cookie sales. >> if there are no both sales nearby, users can enter the contact information and ask to be contacted by their local scout with further details. >> users can share their findings with friends of facebook followers on twitter. >> still ahead explosive devices in
at least a year. >>> the merger of u.s. airways and united airlines will create the largest airway in the world. some analysts say you could be paying more. frequent flyer dean kempsly isn't sure what to expect when u.s. airways merges with american airlines. it will be the largest carrier in the world with more than 300 destinations in 56 countries. frequent flyers from both airlines should keep their miles, but some analysts think this may not be a sweetheart deal for passengers in the long run. >> consumers end up paying more for tickets in general. they have less convenience because typically during americaners there's cutbacks in flights. >> reporter: the new company will take the american name and a brand-new logo. the ceos of both airlines will stay on board. u.s. airways chief doug parker will take the top spot. >> we'll work together to make sure we have a good transition. >> reporter: the merger will bring major logistical challenges. recent union of united and continental led to a spike in consumer complaints. this is the fourth major airline merger since 2008. >> i t
headgear. u.s. across has no time line for recommendations or potential role in action. the response, it is irresponsible to enact legislation requiring had protection in women's lacrosse without a clear understanding of the mechanism of head injury. a version of the sport that is different from its male counterpart. he said his organization is studying the issue. >> from the public to political activism. baltimore's archbishop will make a rare appearance tomorrow before lawmakers. more about this story. >> the death penalty is one of the hot topics of this legislative session. the archbishop said that he is ready to speak his mind. from speaking before parishioners on ash wednesday to testifying before politicians, baltimore archbishop william laurie wil to convince lawmakers to vote against the death penalty. >> people commit heinous crimes and should be punished but we feel there is a better way than capital punishment, especially because there is life without parole. >> it is unusual for the catholic leader to get political but his predecessor, edwin o'brien, testified in 2009 in
the markets, trading mixed in a narrow range. u.s. airways, we have turbulence there. it is down about 8% and change. this, as the rumor becomes the news. u.s. airways merging with asr, parent of american airlines, the deal that creates the world's largest character. sketchers off to the races, shares are skyrocketing here, a nice move of 12%, the maker of mens and women's footware with whether or not blowout numbers, and we got the shoes, yeah, thanks to strong demand, up believable demand for shoes in retail stores, wholesale business, women's, domestic, everything looking good. what's getting the american consumer on board with sketchers? coming up, on the run with sketcher's ceo, a fox business exclusive. let's get to that match made in hog heaven as in food hfn. 3g capital buying ketchup maker, heinz. yes, you heard it correctly, heinz. the transaction valued at $28 billion, the largest ever for the food industry. taking a look at what it is, $72.50 a share. that's a 20% premium, and, you know, actually, initially, you have the stock above that, and now it is slightly below it so ma
postponed the vote saying she wants more details on the white house drone program and the tax on the u.s. consulate in libya. >>> still ahead, a campaign fundraiser turned uglyout side facebook founder mark zuckerberg's california home. we'll tell you why. >>> some welcome news no those stranded cruise ship passengers. we'll tell you all about it when we come back.  >>> later today, the nightmare for thousands strappedded on -- stranded on a cruise ship will finally be over. the ship is expected to dock in moab beal, alabama today. it is offering passengers an additional $500 in compensation because of all this. >>> a crowe gathered outside mark zuckerberg's home last night as he hosted a fund raiser event for new jersey governor chris christie. this seemingly odd couple first met in 2010 when zuckerberg donate $100 million to newark public schools. zuckerberg is not registered with any political party. >>> special recognition for those far from the combat zone. the pentagon is creating a new medal that can be awarded to troops who have a direct impact on combat operations b
and u.s. airways are announcing an $11 billion merger this morning. it will create the world's largest airline. sharyl attkisson is at reagan national airport just outside of washington. sharyl, good morning. >> reporter: good morning, this is the seventh merger since 2005 in an industry that faces stiff competition and rising fuel prices. few may be paying more for your tickets. the new airline will take the american airlines name helping to boost a company that's been in bankruptcy for more than a year. american has struggled to compete in recent years as its rivals have grown. the marriage between number three american and number four u.s. airways will create the world's largest carrier, bigger than united which merged with continental in 2010 and delta, which merged with northwest in 2008. american's ceo tom horton told "cbs this morning" travel editor peter greenberg last month that merging was the only way to prevent collapse. >> you've got to move fast in this business and time for our companies to start looking forward. >> reporter: four airlines will c
- bodied athletes in the london olympics. >>> the deal is done. american airlines and u.s. airways just announced an $11 billion merger. it would create the world's largest airline. susan mcginnis looks at what this could mean for passengers. >>> reporter: american airs and u.s. airways are joining forces to form the biggest airline in the world. >> our best goal going forward is to make it the biggest strongest airline in the country and i suppose that's about to happen. >> reporter: the combined carrier will have american airlines' new look and its old name ranking ahead of united which joined continental in 2010 and delta which absorbed northwest airlines in 2008. >> the only way to survive at least some of the airlines believe is to merge together, grow and then don't overlap as much. >> reporter: with american in bankruptcy it will be up to a federal judge to decide if the deal will be a good one for its creditors. >> american if it had not done some sort of merger would have been inferior to its bigger competitors in terms of its net worth. >>
major airlines. >> yeah the deal american airlines and u.s. airways have now agreed to and how that could affect you the next time you choose one of the carriers. >> and we have 30s for low temperatures this morning. but i'll tell you when we'll have 30s for high temperatures. those details coming up. >> well, lynette we are dealing with heavy delays here on 695 and baltimore national pike. and many accidents across the region. i'll have all the details coming up on "good morning maryland." a can of del monte green beans? ♪ ♪ ♪ grown in america. picked and packed at the peak of ripeness. the same essential nutrients as fresh. del monte. bursting with life. >>> well, we're working for you this morning. if you haven't looked out window yet. this is what you're waking up this. this is a live picture from rogers forge in baltimore county. as you can see looks like there's some ice on the road and definitely snow. you're going to have to allow some time to clear out the car. >>> thanks for being with us, we are working for you this morning. right to meteorologist lynette charl
creative research. if you look at u.s. manufacturing, capital stock which is a reflection of basically how many machines, including 3-d printers, machines defined -- defined broadly, pretty much that used to grow every decade in america on the order of 25-55% a decade. our technology stock in manufacturing was doubled it in the 2000s it was zero essentially. which has never again happen in our history. the u.s. companies were not investing in automation initiatives. and secondly, we have this in her recent book, if you look at the share of corporate r&d as applied, excuse because basic, applied in development, we are the only industrial nation where the share of the corporate share in basic and applied to shrink in the last decade. every other country is expand their basic and applied for u.s. companies to the opposite. they expanded their development although that is flattened and their shrank. largely that's really, really risky, and shareholders are saying we really don't care about returned. and seven years we want returns next you. any other component of that is when you have the 27th
san francisco pay more than $1 million in fees. the judge ruled the lawsuit wasm+7ev moot after the u.s. fih and wildlife service determined maintenance would not harm the animals. >> tailor farms recalling it's baby spinach because of fears of e coally contamination sold as full circle organic ask other names in other states. it comes in 16 ounce tray was a best buy date of 2-24-2013. >> a consumer group wants the federal government to control how much sugar is in beverages americans drink saying soda and other sugar drinks have unsafe levels of high fructose corn syrup. a typical bottle of soda has about 16 added teaspoons and does not recommend maximum levels but agencies say three teaspoon saz safe limit. the petition has a backing of 10 major cities. including boston and los angeles. >> american airlines and u.s. to become the world's biggest carrier. boards just aproufed the merger late today according to sources. the merged company will operate under the american airlines name but u.s. airways ceo will run it. a formal announcement is expected tomorrow morning. >> thousands of pe
to be aproved by the bankruptcy judge and the us airway shareholders leaving u.s. travel dominated by four more jail airlines. the american, united, delta and southwest. they would control three 40s of all airline traffic in the country. >> and the weather outside, i would put five bucks on delays flying into sfo. >> you are saying the weather is frightful in. >> fogful. >> fogful. >> okay, register that and trade man it. here is a look at what is going on, milder this morning. we have mid-30's around santa rosa and novato. everyone else including napa, is in the upper 30's to mid 40's. san francisco is at 47. san jose is at 42. we will hang out in the mid-30's to mid-40's with fog around the north bay and parts of the bay shoreline through 7:00. it will fade quickly. we will see sunshine faster today and temperatures will be nearing 60 by lunch hour. if you are headed out for an early dinner we have sunshine and temperatures in the mid-to-upper 60's and clear and mild for evening festivities on valentine's day and low-to-mid 50's. not a heavy coat needed this time. a warmest day tomorrow will
to be altered to please the regulators. the two beer makers cell about 46% of u.s. sales. revised decision would have to constellation brands. >>> apple is cutting the price of the lowest and mac book pro by $200. it will come down to $1499. the company is also updating the processors of its larger mac books. >>> his story of evercoming adversity inspired us. new an like athlete has been arrested for murder. details on the allegations. >>> how much is valentine's day going to cost you this year? we're breaking out how much people are shelling out to have a happy valentine's night. >>> all right. start off with a look at maryland's most powerful radar. crystal clear. looks like you'll have great weather as you head out the door with your sweetheart. 47 degrees. winds are northwest at 5. days getting longer. sunset past 5:45. you can see chilly conditions, mid-40s. as we go past this into our cameras you can see blue skies. a little bit of a slushy coating that did create icy problems, especially around anne arundel county. the same deal in dundalk. how about one more camera in towson at loch rave
all that romantic. it will be formally announced that american airlines parent is hooking up with u.s. airways group that would create the world's largest airline. american has been restructuring ushed bankruptcy -- under bankruptcy protection. creditors forced american to consider a merger rather than remain independent. under this all stock deal, american's creditors will actually wind up owning 72% of the combined airline and u.s. airways shareholders would get the rest. this tieup marries the third and fourth biggest carriers in the nation. some analysts are warning flyers could see fares rising across the industry in the future. >>> the u.s. lags behind many of its rivals when it comes to the minimum wayne. president obama is -- wage. president obama is proposing a hike to $9. that would still leave the lowest paid american workers way behind their counterparts in other developing countries. australia is actually tops with a minimum wage of nearly $17 an hour. next comes france, england and japan. but i'll tell you, not everybody thinks that raising the minimum wage is a good ide
3 3 3 -3 3 &p stiil to cooe... increasiig love.theetop five cities for singges... across the u-s.& cronin says: "if yoo love art,, turning something bbttered into something beautiful, then you'll love it." it."trass... into treasure.the famous boarrwalk... that's taken on ee life following -3 puper storm sandyy ((break 2)) p, 3 3 more thannthree months after super storm sandyy wreaaed havoc in llog beach, new york, a local artist is battered boardwalk nto ppeces of art. joel waldman tellssus, trash is being treasuree 3beach boarrwalk... sandy had her way 3 pith it ... more than ttree monnhs ssorm strucc ...just about all the historic -3 landmark ...are these concrete stanchions.... youu 3 ... unless oo''e artist paureen cronin...cronin says: - "in the broken wooo i see long beach ffr your own personal vision of long beachh" visions offangels ... - seascapes .... cronin motivation... using the splintered, deetroyed wood create art.crrnin says: - "taking somethinggttat's -3 brooen anddddmaged anddturning into some
the airline industry. american airlines and u.s. airways will merge to create the largest airline in the world. it will be months before you see combine frequent flyer miles. it will be known as american airlines but will be operated by the u.s. air wis management team. we are monitoring the developments on the cruise ship stranded at sea. carnival acknowledges it had been played in the past by mechanical problems. the ship is expected to be moved by tomorrow. they are preparing to accommodate 4000 passengers. travelers said they had to relieve themselves and bags. sewage had been running down the walls. >> what a disaster. new at 11:00 a protest obesity at home. the d.c. fire department and the chief are under fire tonight as he outlined the plan to ensure the safety of everyone who lives and works in the district. jay korff on what is at the center of the divide in the impact on you. >> last year fire department rank-and-file members walked out on their chief's first state of the department of defense. tonight at the second address, they did not show up at all. >> only moments before the fir
sit today at the entrance of u.s. treasury building that is a large, bronze statue. one would assume that the figure is alexander hamilton. america's first treasury secretary. look again. this 12 foot tall statue is of albert gallatin. the longest serving u.s. treasury. in a to one, thomas jefferson asked gallatin to serve. --in 1801, thomas jefferson asked gallatin to serve here in the place of treasury secretary is more than avarice and response will -- laborous and responsible than any other. what did he do? he established fiscal discipline that was necessary a country into a great world power. gallatin also help orchestrate the louisiana purchase, doubling the size of the united states. his work is commemorated in gallatin county, montana and a beautiful gallatin national forest in the rockies as well as the gallatin river in missouri. when gallatin accepted the decision, it was noted at the time that he was placed in a situation of trust. today we are here to consider the nomination of jack lew to the nation's next treasury secretary. we are here to determine if he is worthy of
been in talks for a year. reports say the ceo of u.s. air will run the new company. >>> a south bay neighborhood is in the middle of a unusual bomb scare. explosive material had to be blown up and why the homeowner is under arrest. >> feels like late summer. golden gate bridge peaking through. highs today mid-60s. we have 70s around the corner. when they occur and where. and almost anywhere. why would you want a tv in the closet? [ both laugh ] ♪ [ fancy voice ] brilliant idea, darling. ♪ [ female announcer ] the wireless receiver. get u-verse tv for just $19 a month for 1 year when you bundle tv and internet. rethink possible. >>> following breaks news. a crop duster crashed near winters and interstate 505. it was reported in the past hour. the fire department is one of the agencies responding to the scene. we are working to get more details and we will update you as more information comes in. >>> in santa clara a they continue to search for explosive materials. ktvu's robert handa is live at the house where investigators have been searching and finding dangerous chemicals and
the money as taxable u.s. income. >> a lot of the money is not. it's a lot of times the company chooses u.s. investments and things like that. >> those are just some of the ways companies defer payments indefinitely. five company as kted for more than two thirds of the $225 billion in accumulated foreign earnings last year. top u.s. tax rate is 35% but a review of the last three years of financial records found that some silicon valley companies are paying lower global tax rates. apple reported $40.4 million -- billion in holdings overseas. ebay, $10 billion overseas, google, $24.8 billion reported. yahoo had $3.2 billion overseas. and cisco which reported $41.3 billion overseas had anmk;va effective tax rate of 14%. those that did said they're following the law. economists estimate the federal government loses $90 billion a year enough to fund california public schools and universities more than two years. or cover 206 days of military operations in afghanistan and iraq. this isn't the first time multi national companies have been the target of criticism for sheltering money oversea autos
, are vulnerable to attacks. so he's calling on congress to pass legislation to give the u.s. government the capacity it needs to secure our networks. the president also issued an executive order, to create cyber security standards for u.s. businesses, and for the government to share more information about threats. but cyber security experts, say while that sounds easy, it's hard to do. >> you can't just inform one party necessarily, you might really have an obligation as a government to inform every player in a sector, and then of course that's a high bar, because you're sharing the information with a lot of people which increases the likelihood that it might get out back into the wrong hands. >> susie: beckstrom says the threat of cyber attack or manipulation to critical infrastructure like the power grid and transportation systems is much worse than most people expect. from the "ramones" to the "clash," still ahead, investing in punk rock history, and the prices might surprise you. after the closing bell on wall street today, record revenues for cisco systems: $12.1 billion. that gave
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